PIA’s Borowski Comments on Cyber Liability in National Underwriter

New risks and high-profile data breaches have opened up a new opportunity for agents and brokers to offer cyber liability coverage...

March 6, 2014

New risks and high-profile data breaches have opened up a new opportunity for agents and brokers to offer cyber liability coverage. PIA National Senior Vice President Patricia A. Borowski addressed the new opportunity in comments in an article in the March issue of National Underwriter.

“Even among large mid-market insureds, there is a huge uptick that has to happen in terms of their attention to the real scope and detail of this exposure. This is even more the case with smaller commercial accounts,” said Borowski, adding that she believes the tipping point in cyber purchasing will ultimately come not through broker outreach, but by the growing recognition of risk across the business community.